“HAL’s Runway Ready: SSLV Deal, Dividend Boost & Defence Order Momentum”

- Price & Performance • NSE: ₹4,817.10 (+0.51%), BSE: ₹4,815.80 (+0.47%) as of 26 Jun 2025 • 52-week range: ₹3,045.95–₹5,674.75 - Dividend News • Board has recommended a final dividend of ₹15/share (300%) for FY 24-25 • Record date set at 21 Aug 2025, payout within 30 days post-AGM (subject to approval) - Q4 FY 25 Financial Snapshot • Revenue: ₹137 billion (–7.24% YoY) • Net profit: ₹39.77 billion (–7.71% YoY) • EPS: ₹59.46 (–7.35% YoY) - Valuation & Technical Metrics • TTM P/E: 39.44 vs. sector P/E 51.53 • P/B: 10.58 | Dividend yield: 0.51% | Beta: 1.29 • Market cap: ~₹3.30 lakh crore | Avg. 20-day volume: 1.89 million shares - Strategic Wins & Outlook • Won ₹511 cr ISRO SSLV-tech deal; gearing up to mass-produce SSLV rockets for domestic/global markets • Backlog remains strong—Tejas LCA Mk-1A deliveries by March 2026 are key near-term triggers - Analyst View & Takeaways • Motilal Oswal names HAL a top PSU pick, citing policy tailwinds and robust order book • Tariff-shock risk low; dividend kicker and defence-capex ramp-up underpin the medium-term thesis